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Input parameters for "Stochastic Momentum Index" indicator?

  • #1
  • First Post: Edited 6:55pm Mar 4, 2017 6:24pm | Edited 6:55pm
What are the the typical input parameters for "Stochastic Momentum Index" indicator?
Which are

  1. Input parameters:

    1. q - the period by which the Stochastic Momentum is calculated
    2. r - period of 1-st EMA, applied to Stochastic Momentum
    3. s - period of the 2nd EMA, applied to the results of the 1st smoothing
    4. u - period of the 3rd EMA, applied to the results of the 2nd smoothing




I have seen
1) 2, 8, 5, 5
2) 5, 20, 5, 3
3) 13, 25, 2, 5
4) 12, 2, 3, 9
5) 10, 3, 3, 10
6) 14, 9, 9, 3
7) 10, 20, 30, 3
...
and so on?

What's your parameters?

What parameters would you recommend and why?

Thank you!

  • #2
  • Mar 5, 2017 3:17am Mar 5, 2017 3:17am
Quoting johnnybegood
What are the the typical input parameters for "Stochastic Momentum Index" indicator? Which are Input parameters: q - the period by which the Stochastic Momentum is calculated r - period of 1-st EMA, applied to Stochastic Momentum s - period of the 2nd EMA, applied to the results of the 1st smoothing u - period of the 3rd EMA, applied to the results of the 2nd smoothing I have seen 1) 2, 8, 5, 5 2) 5, 20, 5, 3 3) 13, 25, 2, 5 4) 12, 2, 3, 9 5) 10, 3, 3, 10 6) 14, 9, 9, 3 7) 10, 20, 30, 3 ... and so on? What's your parameters? What parameters would...
Check this (that is from William Blau, the inventor of SMI)
Attached Image (click to enlarge)
Click to Enlarge Name: smi.JPG Size: 158 KB
  • #3
  • Mar 5, 2017 4:03am Mar 5, 2017 4:03am
I use 8,8,3 on the 5 minute timeframe, and I use it only for potential exits
  • #4
  • Jul 29, 2018 6:55am Jul 29, 2018 6:55am
what book is that @Mladen ??
  • #5
  • Oct 18, 2018 11:25pm Oct 18, 2018 11:25pm
Quoting moneyburnin
what book is that @Mladen ??
The book is called: "Momentum Direction and Divergence by William Blau.
  • #6
  • Last Post: Oct 18, 2018 11:37pm Oct 18, 2018 11:37pm
Quoting johnnybegood
What are the the typical input parameters for "Stochastic Momentum Index" indicator? Which are Input parameters: q - the period by which the Stochastic Momentum is calculated r - period of 1-st EMA, applied to Stochastic Momentum s - period of the 2nd EMA, applied to the results of the 1st smoothing u - period of the 3rd EMA, applied to the results of the 2nd smoothing I have seen 1) 2, 8, 5, 5 2) 5, 20, 5, 3 3) 13, 25, 2, 5 4) 12, 2, 3, 9 5) 10, 3, 3, 10 6) 14, 9, 9, 3 7) 10, 20, 30, 3 ... and so on? What's your parameters? What parameters would...
"Typical inputs": a shorter period will give more signals and fakes, a longer one will get you in late, but "maybe" safer.
The best is to adjust the parameters according to: the pair and TF , and if you are in fo a longer run, or a scalper .
And the "correct parameters " change, and need periodical adjustment.
On top of that, markets donīt read books..
My humble 2 cents.
All the best.
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